Friday, June 29, 2012

Obama hails ruling as win for 'middle class'; justices hand tax issue to GOP

Obama hails ruling as win for 'middle class'; justices hand tax issue to GOP - Washington Times
The high court’s ruling leaves in place 21 tax increases in the health care law costing more than $675 billion over the next 10 years, according to the House Ways and Means Committee.
Of those, 12 tax hikes would affect families earning less than $250,000 per year, the panel said, including a “Cadillac tax” on high-cost insurance plans, a tax on insurance providers and an excise tax on medical-device manufacturers.

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